THE chance to upgrade in its own neighbourhood spurred a St Albans Park family to bid for a spacious house auctioned on Saturday.
Harcourts, North Geelong agent Joe Grgic said the buyers paid $626,000 to secure 23-25 Roseview Way, St Albans Park ahead of one other bidder.
MORE REAL ESTATE NEWS:
Unexpected bids from buyer in parked car dashes competitors’ hopes in Newcomb
Entry-level Highton property pits first-home buyers against each other
How to prepare your home for a spring sale
The sale sets a new record in the street, where the previous highest price of $568,000 was achieved back in 2017, according to CoreLogic.
Mr Grgic said there were several other keen parties, unable to bid at auction, waiting hopefully in the wings.
But it wasn’t to be as the price rose from an opening bid of $500,000 and sold just past the top end of the asking range.
“(The buyers) actually live in the same suburb, they live in the same neighbourhood and they just upgrading,” he said.
“The love the area, they are just looking for something bigger.”
The massive four-bedroom house on a 928sq m block certainly fits the bill and comes with three separate living zones, a study and a four-car garage.
The main open-plan living area flows out through sliding doors to a large north-facing outdoor entertainment area.